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Trust and Credit in Organizations and Institutions - As Viewed from the Evolution of Cooperation (Hardcover, 1st ed. 2022)
Loot Price: R3,278
Discovery Miles 32 780
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Trust and Credit in Organizations and Institutions - As Viewed from the Evolution of Cooperation (Hardcover, 1st ed. 2022)
Series: Theoretical Biology
Expected to ship within 10 - 15 working days
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Total price: R3,298
Discovery Miles: 32 980
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This book shows that evolutionary game theory can unravel how
mutual cooperation, trust, and credit in a group emerge in
organizations and institutions. Some organizations and
institutions, such as insurance unions, credit unions, and banks,
originated from very simple mutual-aid groups. Members in these
early-stage mutual-aid groups help each other, making rules to
promote cooperation, and suppressing free riders. Then, they come
to "trust" not only each other but also the group they belong to,
itself. The division of labor occurs when the society comes to have
diversity and complexity in a larger group, and the division of
labor also requires mutual cooperation and trust among different
social roles. In a larger group, people cannot directly interact
with each other, and the reputation of unknown people helps other
decide who is a trustworthy person. However, if gossip spreads
untruths about a reputation, trust and cooperation are destroyed.
Therefore, how to suppress untrue gossip is also important for
trust and cooperation in a larger group. If trustworthiness and
credibility can be established, these groups are successfully
sustainable. Some develop and evolve and then mature into larger
organizations and institutions. Finally, these organizations and
institutions become what they are now. Therefore, not only
cooperation but also trust and credit are keys to understanding
these organizations and institutions. The evolution of cooperation,
a topic of research in evolutionary ecology and evolutionary game
theory, can be applied to understanding how to make institutions
and organizations sustainable, trustworthy, and credible. It
provides us with the idea that evolutionary game theory is a good
mathematical tool to analyze trust and credit. This kind of
research can be applied to current hot topics such as microfinance
and the sustainable use of ecosystems.
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